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Montecito Bank & Trust
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Inogen swings to $18.2M profit in 2013

By   /  Friday, March 28th, 2014  /  Banking & Finance, Earnings, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Inogen swings to $18.2M profit in 2013

Medical device maker Inogen notched $18.2 million in profits, or $1.10 per diluted share, on $75.4 million in revenue last year, the Goleta firm said in its first earnings report as a public company.

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AmeriFlex celebrates 25 years of helping entrepreneurs

By   /  Friday, March 28th, 2014  /  Banking & Finance, Personal Finance, Small Business, South Coast, Top Stories, Tri-County Economy  /  Comments Off on AmeriFlex celebrates 25 years of helping entrepreneurs

After a quarter century in an industry that’s changed tremendously, AmeriFlex Financial Services is gearing up for its biggest year.

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Cashing out: Bank of America consolidates Simi operations

By   /  Friday, March 21st, 2014  /  Banking & Finance, Banking Industry, Real Estate, Top Stories  /  Comments Off on Cashing out: Bank of America consolidates Simi operations

Bank of America has shed a 1 million-square-foot portfolio of former Countrywide Financial Corp. office buildings for $200 million and plans to consolidate its Simi Valley campus.

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Move sues after Realtor.com chief leaves for rival Zillow

By   /  Tuesday, March 18th, 2014  /  Banking & Finance, Law & Goverment, Real Estate, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Move sues after Realtor.com chief leaves for rival Zillow

Move Inc., operator of Realtor.com, has sued a former employee and much-larger competitor Zillow, alleging theft of trade secrets.

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Bain Capital debt strikes sour note at Guitar Center

By   /  Friday, March 14th, 2014  /  Banking & Finance, Central Coast, East Ventura County, Green Coast, Real Estate, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Bain Capital debt strikes sour note at Guitar Center

With rumors swirling of an ownership change at debt-laden Guitar Center, all eyes will be on whether the Westlake Village-based company reversed its sagging online sales over the critical holiday season.

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Ceres to plow $23M raise into sorghum tests

By   /  Friday, March 14th, 2014  /  Agribusiness, Banking & Finance, Tourism, Tri-County Public Companies  /  Comments Off on Ceres to plow $23M raise into sorghum tests

Thousand Oaks-based energy crop firm Ceres has raised $23 million that it hopes will help it to break even as it continues testing its seeds in Brazil.

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QAD profits slip despite record revenue

By   /  Thursday, March 13th, 2014  /  Banking & Finance, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on QAD profits slip despite record revenue

Summerland-based QAD’s profits in its most recent fiscal year dipped 3.8 percent to $6.4 million, or 41 cents per Class A share and 34 cents per Class B share.